Home Minister Rajnath Singh said the government move has affected Pakistan which had been circulating fake currency in the country and promoting terrorism. “Fake currency had been a strong weapon of Pakistan and terrorists, and our PM has destroyed it by withdrawing Rs 1,000 and Rs 500 notes,” Rajnath sat while flagging off a BJP yatra.

I& B Minister Venkaiah Naidu said the decision will affect “arms dealers, smugglers” and “those who have black money. “Only those who have black money will suffer, others need not panic,” Naidu told reporters in New Delhi.